Thursday, May 10, 2012
For years I have told my economics students that in the US we have the "best democracy money can buy." Having just read Matt Taibbi's May 2012 article "How Wall Street Killed Financial Reform", I see I am not alone in this belief.
It makes me crazy to read how our elected officials and government employees sell out to the special interests with money, even if it means putting our entire economy at risk once again. This is boring, confusing stuff, so they get away with gutting important regualtions while the American public worries about whether or not an adorable TV/movie star is a homosexual. What is important?
I can only hope that my students will want to pay attention to these issues after they finish my economics classes.
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